Press release
Global Router And Switch Market Projected to Surpass $78.87 Billion by 2029 with 8% Annual Growth
The increased reliance on cloud-based technologies is predicted to stimulate expansion in the router and switch market moving forward. Such technologies leverage the internet to provide computing resources as and when required. Cloud routers enable cloud service providers to establish connections that are private, speedy and secure. This growing dependency on cloud-based solutions is therefore anticipated to fortify the router and switch market. As an illustration, in June 2024, AAG IT Services, a UK non-governmental entity, revealed that in 2022, 89% of the surveyed organizations deployed multi-cloud solutions for their storage needs and workloads. Only 9% of respondents made use of a solitary public cloud, while a mere 2% depended solely on a private cloud. Consequently, the escalating dependency on cloud-based solutions is catalyzing the burgeoning of the router and switch market.
https://www.thebusinessresearchcompany.com/report/router-and-switch-global-market-report
How will the growth rate of the router and switch market shape industry trends by 2034?
The market size for routers and switches has seen consistent growth over the recent years. It's projected to expand from $55.19 billion in 2024 to $57.87 billion in 2025, witnessing a Compound Annual Growth Rate (CAGR) of 4.9%. The surge observed in the historical period can be credited to a swift increase in internet usage, growth of data centers, expansion in the telecommunication network, evolution of mobile networks and issues relating to cybersecurity.
In the coming years, the market size for routers and switches is forecasted to witness robust growth. It is anticipated to escalate to $78.87 billion by 2029, expanding at a compound annual growth rate (CAGR) of 8.0%. The projected growth during this period is attributable to factors such as smart city initiatives, digital transformation endeavors, network virtualization, the e-commerce surge, remote education, and environmental sustainability. The forecasted period also anticipates trends like the roll-out of 5G networks, the broadening of edge computing, the transition towards Wi-Fi 6 (80211ax), the application of software-defined networking (SDN), the integration of cybersecurity, and the increase in cloud connectivity and hybrid cloud networks.
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What trends are poised to drive the future success of the router and switch market?
The router and switch market is increasingly emphasising product innovation as a major trend. To bolster their presence in the market, leading companies are concentrating on the creation of novel products. For example, Cisco Systems, Inc., a firm based in the US that offers information technology and networking services, introduced the 9000X series switches in February 2022. The unique selling point of the 9000X series is that it merges a robust Catalyst switch with Cisco Silicon One, offering optimal performance, speed, and the necessary security for hybrid work. The new Catalyst 9000X models augment the switching family and provide the backbone needed to accommodate 100G/400G network access for campus-wide transitions to hybrid work and branch extension with zero-trust security and power efficiency.
Which primary segments of the router and switch market are driving growth and industry transformations?
The router and switch market covered in this report is segmented -
1) By Product: Internet Exchange Router, Multiservice Edge Router, Ethernet Service Edge Router, Service Provider Core Routers, ATM Switch, Other Products
2) By Service: Ethernet Aggregation, Internet Data Center Or Collocation Or Hosting, Ethernet Access, Broadband Remote Access Server (BRAS)
3) By Application: Residential, Commercial
Subsegments:
1) By Internet Exchange Router: Layer 3 Internet Exchange Routers, High-Capacity Internet Exchange Routers
2) By Multiservice Edge Router: Converged Multiservice Edge Routers, IP Or MPLS Multiservice Edge Routers
3) By Ethernet Service Edge Router: Layer 2 Ethernet Service Routers, Layer 3 Ethernet Service Routers
4) By Service Provider Core Routers: High-Performance Core Routers, Virtualized Core Routers
5) By ATM Switch: Standard ATM Switches, Multi-Protocol ATM Switches
6) By Other Products: Wireless Routers, Layer 2 Or Layer 3 Switches, SD-WAN Routers
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Which geographical regions are pioneering growth in the router and switch market?
North America was the largest region in the router and switch market in 2024. The regions covered in the router and switch market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Who are the influential players reshaping the router and switch market landscape?
Major companies operating in the router and switch market include Cisco Systems Inc., Alcatel-Lucent Enterprise, Huawei Technologies Co Ltd., Juniper Networks, Actelis Networks Inc., Telefonaktiebolaget LM Ericsson, Adtran Inc., Extreme Networks Inc., RAD Data Communications Pvt. Ltd., Tellabs Access LLC, Telco Systems, Hewlett Packard Enterprise Development LP, Nokia Corporation, ALE International SAS, Zhongxing Telecommunication Equipment Corporation, Arista Networks Inc., Broadcom Inc., Intel Corporation, ADVA Optical Networking SE, MRV Communications Inc., NETGEAR Inc., Datex-Link Corporation, Belkin International Inc., ASUS Computer International, Buffalo Americas Inc., Linksys Holdings Inc., Ubiquiti Networks Inc., Netis Systems Co. Ltd., Tenda Technology Inc., Synology Inc., Dell Technologies Inc., Lenovo Group Limited
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What Is Covered In The Router And Switch Global Market Report?
• Market Size Forecast: Examine the router and switch market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the router and switch market for a structured understanding.
• Key Players Overview: Analyze major players in the router and switch market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the router and switch market.
• Segment Contributions: Evaluate how different segments drive overall growth in the router and switch market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the router and switch market.
• Industry Challenges: Identify potential risks and obstacles affecting the router and switch market.
• Competitive Landscape: Review strategic developments in the router and switch market, including expansions, agreements, and new product launches.
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